Internal Links

Saturday, September 8, 2012

Far East H Trust: 2nd week

Far East hospitality trust has been listed for 2 weeks already. The volume is now much lower and it seems that the IPO fever has subsided. Prices should remain between $0.97 and $1.00

Other notes.
There as been a few reduction in stake in the major unit holders. These has been reflected on the SGX announcements. The details are as follows:

1) NOTICE OF A CHANGE IN THE PERCENTAGE LEVEL OF A SUBSTANTIAL SHAREHOLDER'S INTEREST

2) NOTICE OF A CHANGE IN THE PERCENTAGE LEVEL OF A SUBSTANTIAL SHAREHOLDER'S INTEREST

3) NOTICE OF CESSATION OF SUBSTANTIAL SHAREHOLDING

There shouldn't be any major cause of concerns for now. If we see another drastic reduction in stake on the counter, we should relook at the counter to review if it is a counter worth keeping. The first distribution should be in December.